• Title/Summary/Keyword: Risk Classification

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Basic Requirements for the Application of Risk Concept on Railway Safety Improvements (철도안전관리에 위험도개념 적용을 위한 기반 요건에 대한 연구)

  • Kwak Sang-Log;Cho Yun-Ok;Hong Yong-Ki;Wang Jong-Bae
    • Proceedings of the KSR Conference
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    • 2004.10a
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    • pp.290-295
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    • 2004
  • In railway system, the first step of safety managements is the identification of current safety level. Among many safety indexes, risk concept is the prevailing and most effective one in many developed countries for the safety management. But many requirements such as, accident classification rule, risk levels or broadly acceptable regions, safety cost benefit analysis, VPF, equivalent fatality and failure database are needed for the application of risk concept in railway. Basic requirements for the application of risk concept on railway safety improvements are derived in this study.

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Risk-based Security Impact Evaluation of Bridges for Terrorism (Security and Risk를 기반으로 한 교량구조물의 재난 안전성 평가)

  • Kang, Sang-Hyeok;Choi, Hyun-Ho;Seo, Jong-Won
    • 한국방재학회:학술대회논문집
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    • 2008.02a
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    • pp.629-632
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    • 2008
  • Risk-based security impact evaluation may be affected by various factors according to numerous combinations of explosive devices, cutting devices, impact vehicles, and specific attack location to consider. Presently, in planning and design phases, designers are still often uncertain of their responsibility, lack of information and training of security. Therefore, designers are still failing to exploit the potential to reduce threats on site. In this study, the concept of security impact assessment is introduced in order to derive the performing design for safety in design phase. For this purpose, a framework for security impact assessment model using risk-based approach for bridge structures is suggested. The suggested model includes of information survey, classification of terror threats, and quantitative estimation of severity and occurrence.

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AN INTEGRATED REAL OPTION-RISK MANAGEMENT FRAMEWORK FOR PPP/PFI PROJECTS

  • Jicai Liu;Charles Y.J. Cheah
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.729-738
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    • 2007
  • The Public Private Partnership/Private Finance Initiative (PPP/PFI) schemes have made the private sector become a major participant involved in the development of infrastructure systems along with the government. Due to more integrated efforts among project participants and longer concession period, PPP/PFI projects are inherently more complex and risky. It is therefore very important to proactively manage the risks involved throughout the project life cycle. Conventional risk management strategies sometimes ignore managerial flexibility in the planning and execution process. This paper starts with a revised risk management framework which incorporates the real option concept. Following the presentation of the framework, a new risk classification is proposed which leads to different ways of structuring options in a project according to the stage of the project life cycle. Finally, the paper closes by discussing other issues concerning option modeling and negotiation.

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Feature selection-based Risk Prediction for Hypertension in Korean men (한국 남성의 고혈압에 대한 특징 선택 기반 위험 예측)

  • Dashdondov, Khongorzul;Kim, Mi-Hye
    • Proceedings of the Korea Information Processing Society Conference
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    • 2021.05a
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    • pp.323-325
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    • 2021
  • In this article, we have improved the prediction of hypertension detection using the feature selection method for the Korean national health data named by the KNHANES database. The study identified a variety of risk factors associated with chronic hypertension. The paper is divided into two modules. The first of these is a data pre-processing step that uses a factor analysis (FA) based feature selection method from the dataset. The next module applies a predictive analysis step to detect and predict hypertension risk prediction. In this study, we compare the mean standard error (MSE), F1-score, and area under the ROC curve (AUC) for each classification model. The test results show that the proposed FIFA-OE-NB algorithm has an MSE, F1-score, and AUC outcomes 0.259, 0.460, and 64.70%, respectively. These results demonstrate that the proposed FIFA-OE method outperforms other models for hypertension risk predictions.

The Relationship on Risk Type, Risk Management and Business Performance - Evidence from Korean FDIs in China

  • Yin, Heng-Bin;Kim, Bo-Hyun;Jung, Hong-Joo
    • Journal of Korea Trade
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    • v.23 no.5
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    • pp.45-65
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    • 2019
  • Purpose - As the well-known Structure-Conduct-Performance paradigm implies, risk structure of a corporation may affect its risk management activity and the activity may in turn determine its performance. Depending on its goal, Foreign Direct Investment (FDI) can shape its risk structure, risk management and its performance. Under this assumption, we investigate the relationship between the goals of FDI and risk management for the first time in academics. Design/methodology - This empirical research uses a survey of 279 current Korean enterprises' FDIs in China with the recently developed business risk quadrant model. Companies are classified into either a market- or an efficiency-seeking group, to identify how each group perceives and manages risks, and values the performance of risk management. Also, we apply integrated risk management method that multinational corporations have introduced in China, then verify the mediating effect between risk factors and performance. Findings - Our research shows the FDIs can expose themselves to differing risk structure although risk management activities simply represent the level of empowerment given to local management by headquarter due to limit of sample size despite diversity of risk and risk management tools. To sum, market seekers are found to have more strategic risk (revenue related risk) than efficiency seekers with financial risk (cost related risk). The market seekers can manage their risk by empowering their local organisation while the efficiency does the opposite ways. The risk management appears to be successful in general. Originality/value - Previous studies on small and medium enterprises' FDIs to China have concentrated on the analysis of entry determinants, withdrawal factors and individual risk management. Meanwhile, this research establishes enterprise-wide risk factors faced by the companies that advance into China, according to the method of the classification by ERM and verifies if they could synthetically improve performance through risk corresponding measures.

Study on Development of Construction Management Module based on Risk factor classification system at Construction Phase (시공단계 위험요소 분류체계 구축을 통한 건설 프로젝트 관리모듈 개발에 관한 연구)

  • Lee, Joo-Sung;Moon, Sung-Kon;Jun, Yeong-Jin;Kim, Ju-Hyung;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2009.05b
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    • pp.199-202
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    • 2009
  • Turn-key and CMF(CM for Fee) have been selected as procurement paths of large public projects in Korea. However, recently, researches and discussions on CMR(CM at Risk) have been popular as the Korean government seeks for alternative procurement paths to enhance the performance. In the CMR projects, the part who is responsible for construction management should predict and control the potential risks for guaranteeing benefits. In this research, CMR projects in which a general contractor plays the role as CMr is mainly analyzed. We give attentions to risk management during construction process given that subcontractors, main parts in this phase, work in various ways and thus more chances for faults exist. In this case, CMr manages risks to control the procedure of project. So, potential risk factors can constitute the database, and that database can be matched to following activity. And construction manager can forecast measures of risk using the result of matching. This chain of activities increase efficiency in roles of CMr on CMR(CM at Risk). Furthermore this study will propose one of the solution of Construction Management Module.

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A Study of Classification of Road Tunnel for Fire Safety (안전성 향상을 위한 도로터널 등급에 관한 연구)

  • Yoo, Ji-Oh;Rie, Dong-Ho;Shin, Hyun-Jun
    • Journal of the Korean Society of Safety
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    • v.20 no.3 s.71
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    • pp.112-119
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    • 2005
  • In road tunnel, in order to prevents an accident and minimize the damage of an accident in the case of fire, safety facilities and equipments are integral parts. The type and amount of safety facilities are based on tunnel type and length, traffic flow rate, etc. Therefore many countries use a tunnel classification system that categories tunnel into groups, and specifies the necessary emergency equipment for each group. In this study, for the purpose of classifying tunnel based on tunnel ist investigated the domestic and foreign standards and regulations for safety of road tunnel. As a results, we suggest the method of classification of tunnel by traffic performance, tunnel grade, the volume of traffic, fraction of HGV, rules or regulations for transports of dangerous good through tunnel.

Derivation of the Safety Management Classification System for Modular Construction through Case Study (사례분석을 통한 모듈러 건축의 현장 안전관리 분류체계(안) 도출)

  • Jun, Young-HUN;Kim, Kyoon-Tai;Jeon, Eun-Bi
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2020.11a
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    • pp.173-174
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    • 2020
  • In modular construction, safety management is required to prevent the occurrence of risk factors such as lifting work and high place work due to the characteristics of the construction method. Therefore, this study is a basic study for safety management of modular construction, and the purpose of this study is to compare and analyze the classification system of modular construction derived by analyzing the construction process of the existing case. Based on the results of this study, the safety management classification system will be used in future research to derive safety management factors in modular construction.

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Analysis of Safety Considerations for Application of Artificial Intelligence in Marine Software Systems (해양 소프트웨어 시스템의 인공지능 적용을 위한 안전 고려사항에 관한 분석)

  • Lee, Changui;Kim, Hyoseung;Lee, Seojeong
    • Journal of Navigation and Port Research
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    • v.46 no.3
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    • pp.269-279
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    • 2022
  • With the development of artificial intelligence, artificial intelligence is being introduced to automate systems throughout the industry. In the maritime industry, artificial intelligence is being applied step by step, through the paradigm of autonomous ships. In line with this trend, ABS and DNV have published guidelines for autonomous vessels. However, there is a possibility that the risk of artificial intelligence has not been sufficiently considered, as the classification guidelines describe the requirements from the perspective of ship operation and marine service. Thus in this study, using the standards established by the ISO/ IEC JTC1/SC42 artificial intelligence division, classification requirements are classified as the causes of risk, and a measure that can evaluate risks through the combination of risk causes and artificial intelligence metrics want to use. Through the combination of the risk causes of artificial intelligence proposed in this study and the characteristics to evaluate them, it is thought that it will be beneficial in defining and identifying the risks arising from the introduction of artificial intelligence into the marine system. It is expected that it will enable the creation of more detailed and specific safety requirements for autonomous ships.

Surgical Treatment of Lumbar Spinal Stenosis in Geriatric Population : Is It Risky?

  • Kim, Dong-Won;Kim, Sung-Bum;Kim, Young-Soo;Ko, Yong;Oh, Seong-Hoon;Oh, Suck-Jun
    • Journal of Korean Neurosurgical Society
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    • v.38 no.2
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    • pp.107-110
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    • 2005
  • Objective : Lumbar spinal stenosis is increasingly recognized as a common cause of low back pain in elderly patients. Conservative treatment has been initially applied to elderly patients, however, surgical treatment is sometimes indispensable to relieve severe pain. We retrospectively examine the age-related effects on the surgical risk, and results following general anesthesia and operative procedure in geriatric patients for two different age groups of at least 65years old. Methods : Consecutive 51 patients [${\ge}$ 65years], who underwent open surgical procedure for degenerative lumbar spinal stenosis, were selected in the study. Patients were divided into two groups. Group A included all patients who were between 65 and 69years of age at the time of surgery. Group B included all patients who were at least 70years of age at the time of surgery. We reviewed medical history including preoperative American Society of Anesthesiologists[ASA] classification of physical status, anesthetic risk factor, operative time, estimated blood loss, transfusion requirements, hospital stay, operated level, and clinical outcome to look for comparisons between two age groups [$65{\sim}69$ and over 70years]. Results : In preoperative evaluation, mean anesthetic risk factor of patients was numerically similar between the groups. The American Society of Anesthesiologists classification of physical status was similar between two groups. There was no difference in operated level, operative time, estimated blood loss, hospital stay, and anesthetic risk factor between the two groups. The clinical successful outcome showed 82.7% for Group A and 81.8% for group B. The overall postoperative complication rates were similar for both group A and B. Conclusion : We conclude that advanced age per se, did not increase the associated morbidity and mortality in surgical decompression for spinal stenosis.